New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-01-07
Troubles OF BUSINESS MEN AND FIRMS,

SCHEDULES OF NJ. KALBFLEIsCHs soNS-fAlLURE
OF +. DUNCAN sNIFFEN.
The schedules In the assignment OF Charl es H.
Altert NJ and Franklin II. Ksbheisch. posing the
6rm of Martin Kalbdesch's sons. manufacturers OF
drugs and chemicals at No. 50 Futon-st., 20 Hassan
H. Wheeler show liabilities S67S,116 Al, contingent
liabilities SJ7 1873 &C. nominal assets ,cO3.94l SO
and actual $37s 800 o. 1t Is stated that the
entertainments of the firm were largely caused by
its embarking IN the manufacture Of wheat baking
powder and phos-acd, which proved failure
Among the assets $50 shares of the stock OF the
United States Dynamite Projectle Company OF tho
nominal value OF 1862 1.O25 ,harcs OF the New
York Telegraph Companys stock hose faco value Is
SlO2 500; % shares of stock OF the Traders and
Traveller Union, whore nominal valde ia 81. 50O two
bonds OF Z. Remington s. Sons for 5000 All OF
these declared to be actual value. There are
also . 1850 shares OF stoek OF the Bushwek Chemical
Works worth $4,000; 2,944 shares OF the Bayonne
Ch,InicaI " orks worth s 047 200; 800 shares OF
the Baltimore Acetate Company. stated TO be OF
value: 2051 share. OF the Buffalo Chemical Works
worth y l0Z. 800; land IN Buffalo and Bayonnei and
book accounts of the nominal vaiue OF Sio,O0I %,
the actual value of which il set down at 5000.
f. Duncan Sn,len. ole OF tho leading advertising
agents in this citv. with Offices at No. park-row.
made an assignment yesterday without preferences
.nt business some twelve years ago ahd beforr that
was lire insurance canyasser. lie started IN small
vay but soon increases, his business and Tor some
paving centage In addition 10 his adj ertising hus-
mesa he is also interested Ia the Hill Steam urain Dry
ing Company. of Brooklyn. company Incorporated
last July with O capital OF $1,000 all paid IN ana rep,
ress nted by drying machine Tor drying DAMAGED
Rr.in; he was also interested for short time In tho
New York Towel Supply and Laundry Company. but
this COMPANY was sold oct about month ago under
force losure OF a chntte mortgage. II u understood
that Mr. Snnen lost Considerable money by the failure
OF the Duty Malt Whskey Company. whose adver-
Using contracts he placed, and this, II Is thought may
have cramped him for ready money to such an e1teut
IA 10 make the assignment necessary.
The firm OF GeOrg, w. LAIRD " Co.. chemists ana
de aers in patent medicines at No Al Park place ana
No 80 Barclay-st. which made an assignment without
preferences to Asher ostermaD on Wednesday, seems
10 possess little the way OF assets beyond its Two
trade marks One OF theso is " oleOchye," tho name
of substitute Tor cod-ver oil, ana the other "a the
once widely dvertsed Bloom of Youth n prepara-
tion Tor the face and skin Inc liabilities amount TO
between fifty and scvrnty-fve Thousand dollars ana
consist almost wholly OF advertising bills contracted
outside OF New York. The gneo took possession
yesterday OF the small amount OF stock on hand. ana
began at the work OF getting the estate mt shape
for the official schedule which 1t IL expected wi" be
filed within ten days meeting Of creditors VIII DE
called immediately thereafter. The failure caused
some surprise in business circles j. W. Lard, the
senior partner supposed 10 possess real estate at
Shady Side, n. j., worth $4,000, and 10 have made
n good deal OF money from the sales OF the Bloom "i
YOUTH which at time were enormous inc as
Segment was preopitated by seizure on wednesday
under n judgment for $l,936 in favor OF W. H.
Ottmau.